Bank of America, National Association (USA) in Phoenix, Arizona (AZ)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 20, 2006

  • Bank of America, National Association (USA) in Phoenix, Arizona (AZ)
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Bank of America, National Association (USA) - Overview

  • General
  • FDIC Certificate #: 27595
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FIA Card Services, National Association (#33318)
    Federal Reserve ID: 1417557
    Date Established: September 28, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 40428
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: September 28, 1989
    Last Structure Change Effective Date: October 20, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1825 East Buckeye Road, Phoenix, AZ 85034
    County: Maricopa
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Phoenix
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Phoenix-Mesa, AZ (#6200)
    Core Based Statistical Area (CBSA): Phoenix-Mesa-Glendale, AZ (#38060)
    CBSA Metro Statistical Area: Phoenix-Mesa-Glendale, AZ (#38060)
  • Financial Summary
  • Total assets: $57,282.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2005)

  • Dollar figures in thousands
  • 7,272Total employees (full-time equivalent)
  • $62,982,777Total assets
  • $1,014,347Cash and due from depository institutions
  • $460,787Interest-bearing balances
  • $14,615Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $58,951,646Net loans & leases
  • $3,423,612Loan loss allowance
  • $0Trading account assets
  • $3,029Bank premises and fixed assets
  • $0Other real estate owned
  • $1,619,907Goodwill and other intangibles
  • $0Life insurance assets
  • $1,379,233All other assets
  • $62,982,778Total liabilities and capital
  • $56,346,191Total liabilities
  • $72,379Total deposits
  • $0Interest-bearing deposits
  • $72,379Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,838,998Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $47,593,231Other borrowed funds
  • $950,000Subordinated debt
  • $1,891,583All other liabilities
  • $6,636,587Total equity capital
  • $6,636,587Total bank equity capital
  • $6,636,587Perpetual preferred stock
  • $0Common stock
  • $40,600Surplus
  • $3,855,074Undivided profits
  • Memoranda
  • $2,740,913Noncurrent loans and leases
  • $200,513,516Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,236,880Earning assets
  • $749Long-term assets (5+ years)
  • $375,364Average Assets, year-to-date
  • $59,427,048Average Assets, quarterly
  • $12,038Volatile liabilities
  • $57,715,077Insider loans
  • $61,363,894FHLB advances
  • $53,013,549Loans and leases held for sale
  • $707Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $200,513,516Total unused commitments
  • $0Restructured Loans and leases
  • $1,794,230Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,545,015Total interest income
  • $1,560,069Total interest expense
  • $5,984,946Net interest income
  • $4,434,356Provision for loan and lease losses
  • $2,231,488Total noninterest income
  • $0Fiduciary activities
  • $14,403Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,217,085Additional noninterest income
  • $1,903,250Total noninterest expense
  • $217,046Salaries and employee benefits
  • $22,340Premises and equipment expense
  • $1,663,864Additional noninterest expense
  • $1,878,828Pre-tax net operating income
  • $0Securities gains (losses)
  • $689,530Applicable income taxes
  • $1,189,298Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,189,298Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,759,577Sale, conversion, retirement of capital stock, net
  • $1,900,000Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 13.84%Yield on earning assets
  • 2.86%Cost of funding earning assets
  • 10.98%Net interest margin
  • 4.09%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 2.06%Net operating income to assets
  • 2.06%Return on assets (ROA)
  • 3.26%Pretax return on assets
  • 17.07%Return on equity (ROE)
  • -10.20%Retained earnings to average equity (YTD only)
  • 6.55%Net charge-offs to loans
  • 117.95%Credit loss provision to net charge-offs
  • 1.68%Efficiency ratio
  • 21,415Assets per employee
  • 8.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 159.76%Loss allowance to loans
  • 5.49%Loss allowance to noncurrent loans
  • 276.79%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 1.98%Net loans and leases to deposits
  • 81448.55%Net loans and leases to core deposits
  • 81448.55%Equity capital to assets
  • 10.54%Core capital (leverage) ratio
  • 9.37%Tier 1 risk-based capital ratio
  • 8.66%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $57,715,077Average earning assets
  • $6,966,566Average equity
  • $54,528,618Average loans

Bank Assets Sold and Securitized (December 31, 2005)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $01-4 family residential loans
  • $0Home equity lines
  • $2,236,528Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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